Maersk 2017 Results: Profits up with $14 Billion in M&A

09 Feb 2018 11.50am

A.P. Moller – Maersk’s 2017 financial results have revealed that it made US$ 356 million in underlying profit for its continuing operations, a change of -172% when compared its 2016 loss, and racked up $14 billion worth of merger and acquisition transactions.

The company that owns the world’s largest container shipping line also announced in 2018 guidance that it expects the underlying profit to grow even further and that earnings before interests, tax, depreciation and amortisation (EBITDA) are in the range of $4-5 billion, compared to 2017's $3.5 billion.

Much of its new profits will come from 2017's reshuffle optimizing its business operations.

Maersk stated in its Financial Results that the sales of Maersk Drilling and Maersk Supply Service would take place before the end of 2018, the last parts of the group to go because of its new transport and logistics focus.

Its carrier branch, Maersk Line, contributed the most to the company’s strong profit results for 2017, finally quashing the fear created from the company’s loss of $496 million in 2016.

Subscribe to our Newsletter

We’d like to send you relevant news, technical papers and updates.
We work with ports and terminals that may also send you communications.
By submitting your details, you are accepting these Terms & Conditions and agreeing to our Privacy and Cookies policies.
You can opt out of these communications at any time.

NEWSLETTER

We’d like to send you relevant news, technical papers and updates.
We work with ports and terminals that may also send you communications.
By submitting your details, you are accepting these Terms & Conditions and agreeing to our Privacy and Cookies policies.
You can opt out of these communications at any time.